Edelweiss Large & Mid Cap Fund

 
OVERVIEW

Edelweiss Large & Mid Cap Fund is an an open ended Equity Scheme investing in both large cap and mid cap stocks with an investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly Large Cap and Mid Cap equity and equity-related securities.
However, there can be no assurance that the investment objective of the Scheme will be realised.

 

FUND INFORMATION
  • Fund Facts
  • Asset Allocation
  • Options
  • Load Structure
  • Applicable NAV
  • Fees & Expenses

Name: Edelweiss Large & Mid Cap Fund

Scheme Type: An open ended equity scheme investing in both large cap and mid cap stocks

Investment Objective: The investment objective of the Scheme is to generate long-term capital appreciation from a diversified portfolio of predominantly Large Cap and Mid Cap equity and equity-related securities.
However, there is no assurance that the investment objective of the scheme will be realised..

Benchmark: S&P BSE 200 TR Index.

Fund Manager : Mr. Harshad Patwardhan

Asset Allocation

Under normal circumstances, it is anticipated that the asset allocation shall be as follows:


Asset Class Allocation Indicative Allocations(% of Total Assets) Risk Profile
Equity & Equity related instruments of Large Cap Companies* 35% - 65% Medium to High
Equity & Equity related instruments of Mid Cap Companies# 35% - 65% Medium to High
Debt & Money Market Instruments^ 0% - 30% Low to Medium

* Large Cap: 1st - 100th company in terms of full market capitalization.

#Mid Cap: 101st - 250th company in terms of full market capitalization.

^Money market instruments include Commercial Papers, Commercial Bills, Treasury Bills, Collateralized Borrowing & Lending Obligations (CBLO), government securities having unexpired maturity up to one year, Call or Notice Money, Certificate of Deposits, Usance Bills, Repo (with approved government & Corporate Debt Securities as collateral), and any other like securities as specified by the RBI from time to time.

Further,

  • Investment in securitised debt may be up to 30% of net assets of the Scheme.
  • The Scheme may take derivative exposure up to 50 % of the net assets of the Scheme. The Scheme may also take exposure into fixed income derivatives within the overall limit of 50% for hedging and portfolio rebalancing purpose.
  • The total exposure related to option premium paid will not exceed 20% of the net assets of the Scheme.
  • The Scheme may invest in foreign securities up to 50% of the permissible investments of net assets of the Scheme.
  • The Scheme may engage in Stock Lending. Not more than 20% of the net assets of the Scheme can generally be deployed in stock lending and not more than 5% of the net assets of the Scheme will be deployed in Stock lending to any single counterparty.
  • The cumulative gross exposure through equity, debt and derivative positions should not exceed 100% of the net assets of the Scheme. Cash, cash equivalent with residual maturity up to 91 days will be treated as not creating any exposure.
  • The net assets of the Scheme shall be predominantly invested in equity and equity related securities including equity derivatives. However, due to market conditions, the AMC may invest beyond the range set out above. Such deviations shall normally be for a short term purpose only, for defensive considerations and with the intention of protecting the interests of the Unit Holders. In the event of deviations, rebalancing will normally be carried out within 30 Days.

    In case the rebalancing is not done within the specified period, justification for the same shall be provided to the Investment Committee and the reason for the same shall be recorded in writing. The Investment Committee shall then decide on the course of action.

Plans / Options / Facilities:

The Scheme offers two plans –
1. Regular Plan and
2. Direct Plan.

Each Plan offers two options –
1. Growth option and
2. Dividend option.

The dividend option offers
(a) dividend payout and
(b) dividend reinvestment

Growth option: Under this option no dividend will be declared.

Dividend option: Under this option, a dividend may be declared by the Trustee, at its discretion, from time to time (subject to the availability of distributable surplus as calculated in accordance with the SEBI Regulations). The Dividend option offers dividend payout and dividend reinvestment. There is no assurance or guarantee to Unit Holders as to the rate of dividend distribution nor that the dividends will be regularly declared, though it will be the endeavour of the Mutual Fund to make regular dividend distribution under the Dividend option. Dividend distribution is subject to availability to distributable surplus. If the investor does not clearly specify the choice of option at the time of investing, it will be treated as a Growth option.


Minimum Subscription / Redemption amount

Minimum initial application amount Minimum additional application amount Minimum redemption / no. of Units
Minimum of ₹ 5,000/- and in multiples of ₹ 1/- thereafter. Minimum of ₹ 500/- and in multiples of ₹ 1/-thereafter. ₹ 500 and in multiples of ₹ 1 thereafter. There will be no minimum redemption criterion for Unit based redemption. The Redemption / Switch-out would be permitted to the extent of credit balance in the Unit holder's account of the Plan(s) / Option(s) of the Scheme(s) (subject to completion of Lock-in period or release of pledge / lien or other encumbrances).
Load Structure

Entry Load: NIL

Exit Load:

  • 1.00% — If redeemed within 12 months from the date of allotment in respect of purchase made other than through SIP; and If redeemed within 12 months from the date of allotment of units of each instalment of SIP purchase
  • Nil — If redeemed after 12 months from the date of allotment in respect of purchase made other than through SIP; and If redeemed after 12 months from the date of allotment of units of each instalment of SIP purchase.

Applicable NAV

For applications for Purchases (along with a local cheque or demand draft payable at par at the place where the application is received / redemptions), accepted during the Ongoing Offer Period at the Designated Collection Centres on a Business Day up to the Cut-off time of the Scheme, the NAV of that day; and


For applications for Purchases (along with a local cheque or demand draft payable at par at the place where the application is received / redemption) accepted during the Ongoing Offer Period at the Designated Collection Centres on a Business Day after the Cut-off time of the Scheme, the NAV of the next Business Day.

Fees & Expenses

As per the SEBI Regulations, the maximum recurring expenses including the investment management and advisory fee that can be charged to the Scheme shall be subject to a percentage limit of daily net assets as given in the table below. Subject to the SEBI Regulations, expenses over and above the prescribed ceiling will be borne by the AMC

First Rs. 100 Crores* Next Rs. 300 Crores* Next Rs. 300 Crores* Over Rs. 700 Crores*
2.50% 2.25% 2.00% 1.75%

*of the daily net assets

In addition to the above a charge of 5 bps on the daily net assets plus a proportionate charge in respect sales beyond T-30 cities subject to maximum of 30 bps on daily net assets.In the schemes, wherein exit load is not levied / not applicable, the AMCs shall not be eligible to charge the above mentioned additional expenses for such schemes.

With Additional expenses, incurred towards different heads mentioned under regulations 52(2) and 52(4), not exceeding 0.20 per cent of daily net assets of the Scheme.

However, such additional expenses will not be charged if exit load is not levied/ not applicable to the Scheme.

Good and Service tax on investment and advisory fees will be charged to the Scheme in addition to the maximum limit of TER as prescribed in Regulation 52.

Actual Current Recurring Expenses
 

This product is suitable for investors who are seeking*:
Riskometer
  • Long-term capital growth.
  • Investments predominantly in equity and equity related securities of large and mid cap companies.
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
Investors understand that their principal will be at moderately high risk
 
 
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